Kilroy Snags $330M Worth Of Seattle Office Properties

Law360, New York (June 4, 2012, 4:01 PM EDT) -- Private equity-backed Kilroy Realty Corp. has bagged two Seattle office complexes and has another deal in the wings, for a combined $330 million in transactions as it seeks to double its West Coast portfolio in the midst of a rising market, it announced Monday.

The transactions include two just-closed purchases totaling $145 million and encompassing three buildings in a 420,000-square-foot office campus in Seattle’s Fremont neighborhood in Lake Union. The deal involves the assumption of about $34 million in debt, and two of the buildings were...